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On July 26, the CFPB released its Summer 2023 Supervisory Highlights reporting unfair, deceptive, and abusive acts or practices (UDAAPs) across a number of consumer financial products...

Join us on Tuesday, June 30th, for a one our program with our Partner and Chair of the French Desk, Valérie Demont, as she discusses the Main Street Lending Program.

On February 21, the Minnesota Attorney General settled an action against executives of a Montana-based tribal lender for alleged predatory lending practices.

On June 10, the Minnesota AG announced a lawsuit against an earned wage access provider alleging that its "Instant Cash" product violated the Minnesota Consumer Small Loan Act and Consumer Short-Term...

In the current flood of mortgage litigation, the so-called "tender rule"—that a borrower generally cannot set aside a foreclosure unless he or she tenders the full amount owed on the loan—poses a significant obstacle for many plaintiffs.

On February 12, the National Credit Union Administration issued a notice of proposed rulemaking to implement the licensing framework required by the GENIUS Act.

On February 1, NY DFS announced the adoption of the final regulation implementing the New York State Commercial Finance Disclosure Law .

On June 13, Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York entered a stipulated final judgement resolving claims...

Public comments on the proposed rule are due on or before October 29, 2022.

In an April 16 unpublished opinion, the U.S. Ninth Circuit Court of Appeals affirmed the Bankruptcy Appellate Panel's earlier decision finding that a mortgage lender not licensed in California...

An act passed by Congress last year makes changes to IRS Form 1098 (Mortgage Interest Statement) starting in tax year 2016 (reported commencing in calendar year 2017).

New York and Wyoming regulators have established a coordinated framework for overseeing digital asset businesses operating across state lines. The memorandum of understanding introduces streamlined licensing procedures, joint examination protocols, and enhanced information sharing between the two states' financial regulators.

The OCC and FDIC have announced a final rule that redefines "unsafe or unsound practice" under Section 8 of the Federal Deposit Insurance Act and revises the framework for Matters Requiring Attention (MRAs). Taking effect November 2, 2026, the rule establishes new regulatory standards governing when agencies may identify unsafe or unsound practices, narrowing the scope to focus on material financial risks and compliance with banking laws while creating separate supervisory communications for less significan

On November 1, the OCC issued Bulletin 2023-34 addressing the topic of "venture lending," referred to as "commercial loans to early-, expansion-, and late-stage companies."

On February 17, the OCC issued a notice of proposed rulemaking to establish a revised regulatory framework governing appeals...

On October 31, the Ohio Division of Financial Institutions (DFI) issued updated Bank Partnership Guidance under the state's Small Loan Act, reversing its earlier position from December 2024 and January 2025.

On May 9, President Trump signed a Congressional Review Act resolution repealing the CFPB's final rule restricting overdraft fees at large financial institutions.